04/04/2002
In the year to 31 December, profits at 'human resource support services group' ATA were boosted by a first full-year contribution by the Catalis Group - a rail training and rail training audit business acquired in November 2000. Pre-tax profits rose 26.5% to £1.07m on improved sales of £13m (£8.3m). ATA's training division swelled the coffers with profits of £415,000. Chairman Bill Douie was 'immensely pleased' with the speed in which Catalis Rail Training was restructured. He also witnessed progress at Rail Training Audit Services, which nearly doubled its profits. However, ATA's older recruitment arm saw its contribution fall from £959,000 to £656,000 in a 'singularly testing' year. Douie said tough conditions had continued into 2002. Encouragingly for investors, the dividend was maintained at 5.8p for the year, covered 1.7 times by earnings of 9.61p per share (9.02p). The market is expecting a total profit of £1.1m for 2002, although the company might be worth a look for the Catalis side alone.
| Market cap: | £5.66m |
| PE Forecast: | n/a |
| Share price: | 70p |
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